Mark Weisdorf has left J.P. Morgan Asset Management where he was portfolio manager and head of OECD infrastructure equity to start his own infrastructure investment firm.
Mr. Weisdorf said his new firm, which is not yet named, will be based in New York. He now is in the process of building an investment team and investment business.
Mr. Weisdorf said he is looking forward to being more “entrepreneurial.”
“Building J.P. Morgan's $10 billion infrastructure platform was gratifying. With the portfolio in great shape and growth resuming, I felt it was an appropriate time to pass the baton,” Mr. Weisdorf said. “I see more opportunities in infrastructure today than ever before, and have some thoughts on how to help investors pursue strategies in the space.”
“J.P. Morgan's OECD Infrastructure group has added several new hires over the past two years, including CEO Paul Ryan and CIO Matt Leblanc,” JP Morgan Asset Management said in a written statement. “With that new team now well established, Mark decided to leave J.P. Morgan earlier this month to pursue other opportunities. Mark was instrumental in designing and developing J.P. Morgan's infrastructure strategies.”
In his note to investors, Mr. Ryan said: “We thank Mark for his many contributions to our platform and to our investors, and we will miss him both personally and professionally.”